AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) Sees Large Growth in Short Interest

AllianceBernstein National Municipal Income Fund, Inc. (NYSE:AFB) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 29,500 shares, an increase of 9.7% from the December 15th total of 26,900 shares. Based on an average daily trading volume, of 73,700 shares, the short-interest ratio is presently 0.4 days.

AllianceBernstein National Municipal Income Fund Price Performance

Shares of AllianceBernstein National Municipal Income Fund stock traded up $0.02 on Friday, hitting $11.01. The company’s stock had a trading volume of 34,215 shares, compared to its average volume of 60,010. The firm has a fifty day moving average price of $11.13 and a 200-day moving average price of $11.32. AllianceBernstein National Municipal Income Fund has a 52-week low of $10.33 and a 52-week high of $11.95.

AllianceBernstein National Municipal Income Fund (NYSE:AFB) last released its quarterly earnings data on Monday, December 30th. The investment management company reported $0.10 EPS for the quarter.

AllianceBernstein National Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a $0.0396 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC acquired a new position in shares of AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at about $139,000. Sanctuary Advisors LLC acquired a new position in AllianceBernstein National Municipal Income Fund in the 3rd quarter valued at $181,000. Wolverine Asset Management LLC increased its stake in shares of AllianceBernstein National Municipal Income Fund by 39.6% in the third quarter. Wolverine Asset Management LLC now owns 26,782 shares of the investment management company’s stock worth $316,000 after purchasing an additional 7,600 shares during the period. Stifel Financial Corp lifted its holdings in shares of AllianceBernstein National Municipal Income Fund by 4.3% during the third quarter. Stifel Financial Corp now owns 35,722 shares of the investment management company’s stock worth $422,000 after buying an additional 1,460 shares during the last quarter. Finally, Dakota Wealth Management grew its position in AllianceBernstein National Municipal Income Fund by 4.4% in the 4th quarter. Dakota Wealth Management now owns 43,066 shares of the investment management company’s stock worth $468,000 after purchasing an additional 1,800 shares during the last quarter.

AllianceBernstein National Municipal Income Fund Company Profile

AllianceBernstein National Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax.